Economic Defense Unit
Coverage of Economic Defense Unit in the Nexus archive.
- Pentagon moves to triple Patriot, quadruple THAAD interceptor production
The Pentagon has signed framework agreements with Northrop Grumman and Lockheed Martin to triple Patriot and quadruple THAAD interceptor production, aiming to replenish strained U.S. missile inventories due to increased demand from conflicts in Iran and Ukraine. The initiative involves direct collaboration with component suppliers to enhance production capacity and supply chain resilience.
- Pentagon’s Wall Street push draws Democrats’ ire
The Pentagon's new Economic Defense Unit, aimed at securing $200 billion in private equity deals for defense companies, faces criticism from Democratic lawmakers over national security and taxpayer risks. Senators Elizabeth Warren, Richard Blumenthal, and Rep. Ro Khanna demanded documentation of communications, deal records, and conflict-of-interest policies, citing concerns about foreign investor exposure and financial instability for defense contractors.